Fixed Deposit Calculator with Half-Yearly Payouts
The Fixed Deposit Calculator with Half-Yearly Payouts is a convenient online tool that helps you estimate the interest income and maturity value of your FD investment when interest is paid every six months. This type of fixed deposit is perfect for investors seeking periodic income while preserving the principal amount.
What Are Half-Yearly Payout FDs?
In a half-yearly payout FD, the bank pays interest twice a year – once every six months. The principal remains locked in until maturity, while you receive regular payouts for liquidity or supplemental income.
How Does the Half-Yearly FD Calculator Work?
To use the calculator, simply enter:
- Principal Amount (e.g., ₹1,00,000)
- Tenure (e.g., 1 to 10 years)
- Interest Rate (e.g., 6.5% p.a.)
- Payout Frequency: Half-Yearly
The tool instantly displays:
- Biannual Interest Amount
- Total Interest Earned
- Maturity Value (Principal Returned)
Example Calculation
Suppose you invest ₹2,00,000 for 3 years at 6.5% p.a. with half-yearly interest payouts:
- Half-Yearly Interest: ₹6,500
- Total Interest in 3 Years: ₹39,000
- Maturity Amount: ₹2,00,000
Benefits of Half-Yearly Interest Payout FDs
- Steady income every six months
- Low-risk investment with assured returns
- Helps with semi-annual expense planning
- Suitable for salaried and retired individuals
Tax Implications
Interest from FDs is fully taxable. If your total interest exceeds ₹40,000 (₹50,000 for senior citizens) in a financial year, TDS will be deducted. You may avoid TDS by submitting Form 15G/15H if you meet eligibility criteria.
Conclusion
The FD Calculator with Half-Yearly Payouts is the ideal tool to estimate returns from fixed deposits offering semi-annual interest. It helps you make informed investment decisions by giving a clear picture of periodic income and total earnings over your chosen tenure.